Adam Masato took out $33,000 in crypto-backed loans to finish his investment property. Some crypto-backed loans don't have monthly payments and require no credit checks. Some crypto-backed loans don't have monthly paymentsUnlike a traditional mortgage or other loan, some crypto-backed loans don't require a set monthly payment. Mitesh Shah, founder of cryptocurrency analytics provider Omnia Markets, Inc., explains that crypto-backed loans are the same as securities-backed loans — i.e. I don't think it's smart to carry a crypto-backed loan any longer than you need to.

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